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US wants China to cut trade surplus by US$100 bln: White House

The United States is pressing China to cut its trade surplus with the former by US$100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump. L ...More

EJ Insight2018-03-15

Trump seeking tariffs on up to US$60 bln Chinese goods: report

... ion trade surplus with the United States. When President Xi Jinping’s top economic adviser visited Washington recently, the administration pressed him to come up with a way of reducing that number. Wh ...More

EJ Insight2018-03-14

Trump sets steel and aluminum tariffs; Mexico, Canada exempted

... ion goods surplus with the United States last year. Trade tensions between the world’s two largest economies have risen since Trump took office, and although China accounts for only a small fraction o ...More

EJ Insight2018-03-09

China warns of 'necessary response' in case of trade war with US

... its trade surplus with the US by US$1 billion, which appeared to have been raised during a meeting with a top Chinese official last week. “China has been asked to develop a plan for the year of a One ...More

EJ Insight2018-03-08

Govt on alert: Will public discontent with budget boil over?

As expected, Financial Secretary Paul Chan Mo-po refused to offer cash handouts to the public in his latest budget despite the record fiscal surplus of HK$138 billion. There have been mounting calls f ...More

EJ Insight2018-03-05

The N-nothing sleepers at McDonald's

...  a record surplus of HK$138 billion for the year. His speech was roundly slammed by various groups, including pro-establishment lawmakers, for various reasons. The biggest criticism, however, is that  ...More

EJ Insight2018-03-05

Let's all take next year's free DSE exams

... rd budget surplus of HK$138 billion and a fiscal reserve of over HK$1 trillion. The Hong Kong Economic Journal calls the budget a sort of pepper-spraying of tiny goodies to the various sectors of soci ...More

EJ Insight2018-03-02

Chan faces more heat over decision to skip cash handout

... gh budget surplus, and choosing instead to plow back some of the money to society through indirect means.   In a radio interview on Thursday, the financial secretary called on people to regard the bud ...More

EJ Insight2018-03-02

Paul Chan's budget faces criticism from even pro-Beijing parties

... cord cash surplus.  Pro-establishment groups said that although the budget includes plans to invest for a better future, the benefits mainly go to the middle-class, and that scant resources have been ...More

EJ Insight2018-03-01

Bigger budget, smaller homes

How does one account for the situation in Hong Kong where we have a bigger than big budget surplus yet we live in smaller than small homes? Worse still, the budget plan unveiled by Financial Secretary ...More

EJ Insight2018-03-01

Why the govt needs new thinking on the budget

... st budget surplus is HK$138 billion, far more than Financial Secretary Paul Chan Mo-po had forecast earlier. We are by any measure the envy of governments around the world. With all that public money, ...More

EJ Insight2018-03-01

Why the govt needs new thinking on the budget

... st budget surplus is HK$138 billion, far more than Fina ...全文

今日信報時事評論STRAIGHT-SHOOTING褚簡寧 Michael Chugani2018年03月01日

Land premiums, stamp duties help HK reap record budget surplus

The Hong Kong government expects to post a budget surplus of HK$138 billion for the current financial year to March, a record figure that will help propel the city's fiscal reserves past the one-trill ...More

EJ Insight2018-02-28

Cash handouts not for all; budget may target specific groups

The government will not hand out cash to all citizens as some people have been urging it to do, although the budget surplus for the current fiscal year is said to be as much as HK$140 billion, the Hon ...More

EJ Insight2018-02-27

Difficult to deliver a please-all budget, says Paul Chan

Financial Secretary Paul Chan Mo-po has made it clear that the administration wants to utilize the budget surplus to build up savings for the city's future needs while also spending some of the money ...More

EJ Insight2018-02-26

The financial roots of the eurozone surplus

In December 2017, the eurozone’s current-account surplus reached an all-time high of 391 billion euros (US$483 billion), prompting the usual calls for Germany to “do more” to resolve the imbalance thr ...More

EJ Insight2018-02-26

Singapore's one-time cash handout and new tax moves

... ll budget surplus of S$9.6 billion for the 2017 financial year, much higher than the initial forecast of S$1.9 billion. Singapore has total fiscal reserve of S$997.4 billion, including cash holdings, ...More

EJ Insight2018-02-22

Lawmakers debate over cash handouts from budget surplus

... he budget surplus that is expected to amount to multibillion Hong Kong dollars this fiscal year. While some urge the government to offer cash handouts to citizens, others insist that raising allocatio ...More

EJ Insight2018-02-20

DAB suggests half of budget surplus be used for relief measures

The Democratic Alliance for the Betterment and Progress of Hong Kong (DAB), the city's largest pro-Beijing political party, has called on the government to utilize the budget surplus to provide relief ...More

EJ Insight2018-02-15

Yuan posts biggest one-day decline since 2015 devaluation

... a's trade surplus more than halved to US$20.34 billion in January from the previous month, and investors speculated controls on outward cash flows will be eased. Earlier, the People's Bank of China se ...More

EJ Insight2018-02-09

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